#blockchainnews# XT Research Institute reminds that at 20:30 Singapore time on July 12, 2024, the U.S. Department of Labor will announce the annual CPI rate and the seasonally adjusted monthly CPI rate in June. CPI data directly affects the Federal Reserve’s monetary policy decisions. If CPI data continues to show high inflation, the Federal Reserve may raise interest rates or reduce asset purchases, which may put pressure on high-risk assets including Bitcoin. The CPI data in the United States has a significant impact on the Bitcoin market. Investors need to consider these factors comprehensively and understand the short-term and long-term impact that CPI data may have on the Bitcoin market. What do you think about this? Please leave a message in the comment area for discussion. 🧐(Note: Related analysis is not intended as investment advice)